Singapore legislation
Regulation 4
of Goods and Services Tax (Excluded Transactions) Order 1994
Regulation 4
Transfer or assignment of title to goods
Subregulation 1
Where a provider of hire‑purchase finance transfers or assigns his, her or its title to goods comprised in a hire‑purchase agreement together with the hire‑purchase finance relating to such goods, the transfer or assignment of title is treated as neither a supply of goods nor a supply of services.
Subregulation 2
In sub-paragraph (1), “hire‑purchase finance” means the instalment credit finance in a hire‑purchase agreement.